Tuesday 25 November 2014
 
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Housing

House prices soar in Riyadh despite new supply

The residential prices in Riyadh, Saudi Arabia, have risen by five to seven per cent in the past year and are expected to continue to move in an upward direction in the short- to medium-term, with new supply unlikely to be able to fully o

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Nakheel seals Palm Jumeirah housing deal

Nakheel, one of the world’s leading developers, has reached an agreement with Souq Residences, a joint venture between IFA Hotels & Resorts and Istithmar World, on the Golden Mile mixed-use development on Palm Jumeirah in Dubai, UAE.

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Sodic to launch major housing project in Egypt

Sodic, one of the region's leading real estate development companies, will soon launch the first phase of Villette, its integrated community project in New Cairo, Egypt. The project, which has been master-planned by renowned America

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UAE to provide $1.36bn housing loans

The UAE Ministry of Finance has signed a memorandum of understanding (MoU) with Sheikh Zayed Housing Programme and Emirates Development Bank to provide housing loans to UAE citizens. As per the deal, the ministry will offer Dh5 bi

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Solutions for consistent concrete supply in GCC in focus

Several of the world’s largest construction and concrete companies will gather in Dubai this month to discuss solutions to ensure a consistent supply of the most-used building material – concrete.   With infrastru

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Iraq's housing ministry revamps website

The Ministry of Construction & Housing in Iraq has launched its new-look website with several key features for an easier interaction and enabling customers to find key information about its various projects.   The multi-li

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Al Jaber wins $700m Abu Dhabi housing contract

Abu Dhabi conglomerate Al Jaber Group, which agreed a debt restructuring in June, has won a Dh2.57 billion ($699.8 million) contract to build 40 residential buildings in the UAE emirate, it said on Tuesday. State-owned Abu Dhabi N

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GCC housing shortage to top 1m units by 2018

The young demographic structure of the GCC region is creating a surge in demand for housing that could lead to a shortage in excess of one million units by 2018, a report said. With the GCC region set to face a massive shortage of

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Dubai housing body deploys Xerox solutions

Mohammed Bin Rashid Housing Establishment (MRHE), the governmental body that provides housing services to the citizens of Dubai, UAE, has implemented the Managed Print Services (MPS) tools from Xerox Emirates, a market leader in technology, docu

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Economic stability boosts Bahrain's housing market

Bahrain’s current economic stability has begun to impact on residential rents, by stabilising rates and encouraging tenants to turn their attention to higher quality schemes, according to the latest report from leading international real e

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